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Economy

Wilko cutting equivalent of 400 jobs in 'fight for survival'
Employment
'We've identified significant changes to the Wilko operating model to enable us to stabilise the business and then thrive again'
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East Midlands jobless count seems to be dropping back
Employment
Regional jobless figure was lower than the 3.7% national average, according to Office for National Statistics data
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Hargreaves Lansdown profits up despite market turbulence
Company Results
The Bristol-based financial services firm reported growth despite ‘challenging external conditions and low investor confidence’
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Profits down at Dunelm as inflation continues to bite
Retail & High Street
But one analyst said 'a drop off in first-half profit at Dunelm isn’t causing undue alarm' after getting the 'basics of retail right'
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North East experts warn that "insolvency dam has burst" in 2022
Insolvency and Administration
R3 organisation was speaking after a big rise in corporate insolvencies in 2022
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Tributes paid to ‘kind and conscientious’ former LLEP CEO Mandip Rai
Local Enterprise Partnership
“He was a hugely valuable part of the LLEP team…. and was greatly liked and admired by all who knew him’
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Cheese producer Wyke Farms profits up despite increased costs
Company Results
The Somerset-based business saw global sales of its cheese and butter increase
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Rocky start to 2023 as Welsh business activity contracts faster than º£½ÇÊÓƵ average
Wales
But business confidence reached a six-month high
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North East restaurateur closes River Beat as rocketing costs take toll on business
Restaurants
Andrew Drape invested heavily in the Gateshead Quayside restaurant eight years ago but a raft of factors has led to its closure
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NatWest hints at green shoots of recovery in East Midlands
Economy
Business confidence hit an eight-month high in January according to NatWest survey
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Downturn shallow as new year sees slight drop in regional business activity
Economy
Latest NatWest analysis of manufacturing and service sectors in Yorkshire and Humber
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North East manufacturing and services output tumbles but optimism on the rise
Economy
Research from NatWest suggests the North East has suffered a steeper decline in business activity than the º£½ÇÊÓƵ average
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South West business confidence for year ahead hits eight month high
Economy
Firms told a NatWest survey new product launches and firmer customer demand could lead to a strong recovery over 2023
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Tyneside construction giant Tolent facing huge financial issues
Construction
The company has been responsible for some of the region's most prominent recent building projects
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Firms must embrace flexibility to attract and retain workforce
Employment
The balance between the employer and employee has changed
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º£½ÇÊÓƵ narrowly avoids recession as economy flatlines at end of 2022
Economy
New figures for the last quarter of 2022 show a tiny level of growth, avoiding a second quarter of decline that defines a recession
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Welsh economy sees biggest contraction of any º£½ÇÊÓƵ nation
Economy
The ONS has released latest GDP figures from the nations and regions of the º£½ÇÊÓƵ
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North of Tyne Mayor calls on companies to sign up to Good Work Pledge
Economy
85 organisations have so far signed up to the pledge which demonstrates their commitment to providing good jobs
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Big Interview: Rab and Lowe Alpine CEO on scaling the multi-billion pound outdoor clothing market
Fashion
º£½ÇÊÓƵ labels now sold in Europe, North America, New Zealand, Australia and other parts of the world
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Innes England: Tough East Mids commercial property market could bounce-back after shock of ‘Trussonomics’
property news
Strong investor momentum started to fade in the second half of 2022 with interest rate rises
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Britain’s biggest homebuilder hoping better mortgage deals could stimulate º£½ÇÊÓƵ housing market
Housing
The average selling price of a Barratt home was up 13.6 per cent to £372,000 in the second half of 2022
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Wales needs a government that will reduce tax burden on people and businesses
Economy
Peter Fox, Shadow Minister for Finance, outlines the Welsh Conservatives' action plan for Wales
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Parmenion chief exec Martin Jennings on investments, flexible working and growth
Finance
The boss of the Bristol-based investment firm talks to Hannah Baker about heading up a multimillion-pound business
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The Bank of England's deputy agent for Wales Ian Derrick on the outlook for inflation
Bank Of England
He says stable inflation is vital so that money holds its value and people and businesses are able to plan for the future.
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